London, UK, 4th Dec 2021, ZEXPRWIRE, Cryptocurrencies are all the rage lately, but where do you begin? There are so many coins out there it is hard to know which one is worth your time. FinancialCentre broker Mark Schmit has done some research, and here are his top cryptocurrencies for 2022
- Ethereum (ETH)
Ethereum has been around since 2015, but even though Vitalik Buterin created it, it is not just a coin. Etherium is a platform for building Smart Contracts and Distributed Applications (DAPPS). Think of ETH as the new internet that will soon power millions of decentralized applications. They have big news on the horizon that could push Ethereum into the mainstream.
- TeslaCoin (TSL)
Of course, this coin is named after our beloved billionaire Elon Musk. But there is a good reason why it is so valuable. Although the man himself hasn’t confirmed or denied rumours of having created this cryptocurrency, we know he has been toying with the idea now. If he successfully implements it, Teslacoin could take over the world. Elon reportedly is working on a cryptocurrency that would be tied to each Tesla vehicle.
- BTC-TwentyOne (BTC-21)
The coins name might sound like it’s just a play on Bitcoins 21 million supply cap, but there’s more to it. This coin is a clone of Bitcoin, but with a key difference. The BTC-21 team has removed the 21 million caps on its supply, and they also plan to remove the one coin per block limit that Bitcoin currently uses. This will allow for more transactions, faster confirmations and lower fees.
- Litecoin (LTC)
Litecoin is the upcoming ASIC resistant Masternode coin that will power the blockchain industry. This coin has incredible functionality that can’t be found anywhere else. Thanks to its use of Segwit and other unique features like Instant send, Atomic Swaps, Private transactions and Decentralized Governance by Blockchain (DGBB), this coin is set to explode in popularity.
Litecoin is currently priced at 37 cents per coin, while some other coins on the list are worth 5 dollars a piece.
- Litecoins (LIT)
Of course, you might expect a list like this to include #1 Bitcoin, but if you do decide to invest in BTC, look out for Litecoins. They are the most undervalued cryptocurrency on the market right now. We all know that LIT is a clone of BTC, with a few minor tweaks and improvements here and there.
- Solarcoin (SLR)
Solarcoin is another coin that is currently priced at only about 50 cents per coin, even though it has incredible potential. This coin is actually backed by Solar energy, and each coin represents 1 MWh of solar electricity generation. It was created to help incentivize the production of renewable energy resources. If there were no transaction fees on this platform, running an unsustainable coin like Bitcoin would be impossible.
- CryptoCurrency (CC)
This coin is a clone of Bitcoin, but it has no transaction fees. The cryptocoin that started at just 12 cents per coin has exploded in value and now sits around 7 dollars a coin. With a deflationary reward scheme and extremely low transaction costs, this token will surely boom in 2022.
- Ethereum Cash (ECASH)
This cryptocurrency, unlike Ethereum, is a clone of BitCoin with a few improvements. It was created by the same team that runs SteemIt, and it shares some similarities. To make transactions faster, they have increased the block size from 1MB to 2MB.
- Garlicoin (GRLC)
Of course, this coin is named after the delicious, tasty and powerful garlic. It was created to be like Bitcoin but with faster confirmation times. The creators of these coins thought it might be a good idea to name it after something people eat.
- Titlecoin (TIT)
This coin was created to help incentivize content creators. They do this by rewarding creators with TIT for each comment or post that they make. This is a good way to get good quality content on the web while improving their coin value.
Whilst these coins are currently worth very little; they truly have the potential to explode in 2022. This is a once in a lifetime opportunity to get on board with what could be the next big thing.
There are many reasons why you should invest in these coins. The first is that they are all cheap right now. If you think BTC will be worth over $1 million soon, then the other coins on this list will all be worth more than what they are currently priced at. The second big reason to invest in these coins is that they have actual utility. They provide fast transactions, rewards for content creators, incentives for renewable energy producers and much more. These coins offer something unique while also fulfilling one of the main requirements to be considered a cryptocurrency: decentralization.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.